Defense shares join market downturn

RussBritt

NEW YORK (CBS.MW) - Shares of defense contractors felt the pain along with the rest of the market Wednesday.

Few were exempt from investors' skittishness as most major companies were hit by the selling bug. Boeing Co.
BA, -0.28%
lost $1.06 to $34.44 as a cargo version of one of its 747s crashed in Nigeria, according to Associated Press.

Others falling hard included General Dynamics
GD, -0.49%
which lost $1.21 to $82.14. Alliant Techsystems
ATK
gave back $1.10 to hit below the $80 mark at $79.90.

And L-3 Communications Holdings
LLL, -0.15%
gave up 98 cents to $83.01, while United Technologies
UTX, +2.21%
retreated by 68 cents to $59.14.

The only defense firm in positive ground was Northrop Grumman
NOC, +0.13%
which tacked on $1.18 to $93.47.

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